The Infrared thermometer market report share is estimated to be USD 2.3 billion in 2020 and expected to reach USD 3.6 billion by 2025, at a CAGR of 9.2% from 2020 to 2025
PresentsThe major factors driving the market growth include the increasing number of COVID19 patients and the rising adoption of infrared thermometers across the manufacturing sector and construction applications drive the growth of the infrared thermometer market. Opportunities for 2nd generation of infrared thermometers, rising R&D investmets by companies, and capital firms, to develop innovative thermal scanning solutions and infrared thermometers, rising adoption of infrared thermometers in HVAC and refrigeration applications provide significant opportunities for the infrared thermometer market.
Based on components, the optical components segment of the infrared thermometers market is projected to grow at the highest CAGR from 2020 and 2025.
By component, the optical components segment is expected to grow at the highest rate in the infrared thermometer market. Optical components, including detectors, are used to detect the reflected infrared energy, focus the radiation energy onto the IR detector, and filter out radiation outside the desired wavelength band.
Based on application, the medical segment of the infrared thermometers market is projected to grow at the highest CAGR from 2020 and 2025.
By application, the medical segment is expected to grow at the highest rate in the infrared thermometer market. The major factors for the growth of the medical application are the lower cost, higher accuracy, and rising adoption of infrared thermometers for temperature screening due to COVID-19. The handheld medical thermometers are expected to be widely adopted in the commercial end use segment.
On the other hand, non-medical infrared thermometers are mainly used in the industrial end use segment.
Based on application, the medical segment of the infrared thermometers market is projected to grow at the highest CAGR from 2020 and 2025.
By application, the medical segment is expected to grow at the highest rate in the infrared thermometer market. The major factors for the growth of the medical application are the lower cost, higher accuracy, and rising adoption of infrared thermometers for temperature screening due to COVID-19. The handheld medical thermometers are expected to be widely adopted in the commercial end use segment.
On the other hand, non-medical infrared thermometers are mainly used in the industrial end use segment.
Based on application, the medical segment of the infrared thermometers market is projected to grow at the highest CAGR from 2020 and 2025.
By application, the medical segment is expected to grow at the highest rate in the infrared thermometer market. The major factors for the growth of the medical application are the lower cost, higher accuracy, and rising adoption of infrared thermometers for temperature screening due to COVID-19. The handheld medical thermometers are expected to be widely adopted in the commercial end use segment.
On the other hand, non-medical infrared thermometers are mainly used in the industrial end use segment.
MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients. The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the ’GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companieshelping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research.
The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook. Contact: Mr. Aashish Mehra MarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA : 1-888-600-6441